RIM Buys NewBay
Research In Motion has agreed to acquire NewBay Software for about $100 million and the company confirmed that they have a cut a deal for NewBay, but declined to talk about the price, which the story attributes to sources close to the company. It’s clear that RIM has a decent vision and setup for certain aspects of the smartphone war and it’s apparent that RIM’s move to purchase NewBay has to do with creating a cloud-based BlackBerry content service to rival that of Apple’s iCloud and Amazon’s Cloud Drive……………..
